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  • Notes d'étude
  • Révisions du sujet
    Joseph A.
    US
    Joseph A.

    If paper money retains its value, why does the US dollar, as well as other currencies, lose their purchasing power? The dollar does not buy what it used to, 5 years ago, 10 years ago, 15 years ago, etc. How come? Our technological and production capacities have improved over the years, why do the price of near all items go up? That is, it takes more dollars to purchase goods and services or more dollars are chasing fewer goods. So, how can the US dollar be store of value? ---- A study of the history of money would be useful. Money has generally been a commodity, a physical medium of exchange. Paper money of yore, without physical backing, has collapsed. And in the crisis in which we find our selves today, we may see substantial changes in paper money or electronic money. Mostly, more loss to our purchasing power. Recall, earning money/currency = time and energy. Our efforts are being stolen when a government prints more money to resolve its debt issues, i.e., it spends more than it takes in via wealth. Let's just say, WE are over leveraged.

    Vitaly G.
    US
    Vitaly G.

    The price of gold in 1980 was 850 at max and now in 2015 is 1.175 with max price in Aug 2011 at 1,850 US/oz.

    Risqot M.
    EG
    Risqot M.

    Nice lecture,sir.

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